§ 4a. No down payment for veterans
Notwithstanding other provisions of law, veterans who qualify for purchase of homestead land under the provisions of this chapter shall not be required to make any payment of money at the time of the execution of a contract for the purchase of homestead land and for a period of 90 days thereafter, at which time […]
§ 5. Minimum selling price
The selling price determined under section 2(a)(11) of this title for land to be sold under this chapter shall be a sum of at least equal to the price paid for the land by the Government.
§ 6. Applicants for lots; form of applications
All applicants for homestead lots, except priority purchasers, shall be at least 18 years of age. Applications shall be made in writing to the Executive Director of the Virgin Islands Housing Finance Authority, stating the lot or lots required. Applications shall be indorsed by two persons of good repute.
§ 6a. Eligibility of applicant
No applicant for a plot of land shall be considered eligible if such applicant (or the spouse of such applicant from whom the applicant is not legally separated) already owns a home (other than a superficiary house) or plot of land upon which a home may be constructed; and in no event shall an applicant […]
§ 7. Homestead contracts; conveyances, terms and provisions
In the name of the Government of the Virgin Islands, and with the approval of the Governor, the Executive Director of the Virgin Islands Housing Finance Authority shall issue contracts for the purchase and sale of homestead plots or issue deeds of conveyance either in fulfilment of a contract or as a cash sale transaction. […]
§ 8. Homestead and Home Loan Fund; continuation, maintenance and use; disbursements
(a) The Homestead and Home Loan Fund, heretofore created for the purpose of purchasing land in St. Croix, St. Thomas and St. John for homesteading and for the purpose of assisting qualified applicants to construct their homes and related purposes authorized by laws in force prior to the effective date of this Code, is continued, […]
§ 9. Loans for home construction; limitations; qualifications of applicants
(a) Except as otherwise provided, the Executive Director of the Virgin Islands Housing Finance Authority shall receive applications for loans not in excess of $220,000 to any one person or family residing in the same house. The Executive Director of the Virgin Islands Housing Finance Authority shall receive such applications upon forms prepared by him, […]
§ 2. Powers and duties of Executive Director of the Virgin Islands Housing Finance Authority
(a) In addition to any other powers conferred upon him by this chapter or other law, the Executive Director of the Virgin Islands Housing Finance Authority, with the approval of the Governor, and on behalf of the Government of the Virgin Islands, may— (1) pledge, obligate, mortgage or otherwise encumber land, property, revenues, and income […]